Federal allocation: Ondo, 18 LGs get 7.5bn for September

A breakdown of the amounts received by each of the 36 states from the federation account on Friday revealed that Ondo state government got N4.73bn of the N637.70bn distributable revenue generated for the month of September and shared by the states.

Also the 18 local governments area in the state shared a total of N2.84bn making N7.57bn.

According to a report released by the National Bureau of Statistics/Office of the Accountant General of the Federation and seen by SUNSHINE HERALD, the Federation Account Allocation Committee (FAAC) disbursed the sum of N637.70bn to the three tiers of government in September 2017 from the revenue generated in August 2017.

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According to the report, the federal government received a total of N273.09bn, states received a total of N173.81bn and Local governments received N131.04bn. The sum of N41.97bn was said to have been shared among the oil producing states as 13% derivation fund.

A breakdown of the report showed that Ondo state got N3.24bn as Gross Statutory Allocation and N1.48bn from the 13% share of oil derivation. The Total Net Amount after deduction of debts was N4.65bn

Screenshot of Ondo state September allocation from National Bureau of Statistics website

However, Akure South got the highest allocation out of the 18 local government areas in the state. It received N204m ahead of Ondo West's N189m which was followed by Ilaje's N187m.

Owo received N179m, Odigbo got N175m, N172m was also allocated to Okitiputa, while Akoko South West got N169m.

From the allocation, Ondo East got the least share, receiving a total of N115m.